IGO is struggling to find customers for its lithium hydroxide, as dismal prices cause the battery material to pile up at its Western Australia processing plant.
The lithium and nickel miner on Monday warned that sales from the refinery were so slow that it did not expect to receive a dividend from the Kwinana plant’s owner, Tianqi Lithium Energy Australia, in 2025.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
